On Saturday, the National Grid Corporation of the Philippines placed the Luzon Grid under Yellow Alert due to insufficient operating reserve
. Meralco explained that the yellow alert means the reserve power is low.
"In the event that they make excess revenue each year, we'll set up an operating reserve
and capital reserve fund to help with the perpetuation of the foundation."
Income generated by the Barrow Group's training program has accordingly multiplied by 10, its debt has been eliminated, and a six-month operating reserve
has been amassed.
On September 3, 2018, the Independent System Operator for New England (ISO-NE) declared such an event when sudden outages at two large natural gas units combined with higher than forecast power demand resulted in an operating reserve
deficiency or scarcity event.
"As we try to maintain the operating reserve
margin above 6 percent through the end of June, Taipower will do maintenance on holidays when electricity consumption is lower to minimize the impact," Taipower spokesperson Hsu Tsao-hua told CNA.
Opera Idaho has a $900,000 operating budget with a $0,000 operating reserve
, which allowed the company to move forward with considering building a theater, something that opera leaders have been talking about for more than years, Junkert said.
A key area of focus for many clients is cash reserves, including ensuring they have enough cash to pay the bills, that they're establishing and maintaining a liquidity or operating reserve
, and saving for future investments in the organization's operations.
He noted the board established a standing board policy that the Bar's operating reserve
should not exceed 67 percent or fall below 33 percent of the annual operating expenditure budget.
Consumers ended up paying up to PS2,500 per MWh (average wholesale price was PS40/MWh) to reserve generators to meet the shortfall and calling on equally expensive, and much dirtier, dedicated diesel generator parks in the Short-Term Operating Reserve
. Large industrial consumers were also paid to reduce consumption.
In addition to the call for reductions in operating reserve
and concern for the growth in accumulated surplus, there was a recommendation to retain an independent consultant to review NAIC processes and practices.
For example, the Short Term Operating Reserve
(STOR) may enable income to be generated from unused power generation capacity.
There are two types of reserve: an operating reserve
that must be available within 10 minutes or so, and a replacement reserve which takes over within an hour.